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Search Results 0 to 26 of about 27 (some duplicates have been removed)
FOX Business
Dec 28, 2012 9:00pm EST
of the fiscal cliff. it will allow congress to again take another crack at finding some way to deal with spending cuts and tax reform. gerri: stay with us, rich edson. thank you so much for that report. turning now to our guests. it's up to harry reid and mitch mcconnell, the two leaders in the senate. trying to craft something. how likely is it that there would be a bill that passed the senate and house? after all, that is the problem we have had a long. >> well, first, we have not seen any details of this package. we are talking completely off-the-cuff, but we know will not be at 250. i think carrie reed has problems from new york like dianne feinstein of california, and 250 will be a big pill to swallow. this is a fiscal cliff that we can have 50 days, 60 days down the road. it does not fix the problem if you will have these taxes on $250,000 and above. as rich edson said, this is going to be another deadline in congress has to have. i think everyone needs to get comfortable with the fact that we are going to have these kinds of stopgap last-second deals. gerri: okay, let's get t
FOX Business
Dec 29, 2012 5:00am EST
edson said, this is going to be another deadline in congress has to have. i think everyone needs to get comfortable with the fact that we are going to have these kinds of stopgap last-second deals. gerri: okay, let's get tyler in here too, are republican strategist. is there any common ground can be found here? i mean, this seems to me like a last-ditch effort. let me tell you what it when it was announced today that there was going to be a meeting at 3:00 o'clock from expectations went through the roof. i think people thought something really big was going to happen at the end of the day. the president is saying that he is modestly optimistic. maybe you would be something by december 31. what do you make of it? >> he is modestly optimistic about no new changes here. you know, the country needs a leader. no matter what party you are from, that is what we need. that's what we need in the president of the united states, and we we have a president that gets a bunch of people together and says let's talk about the problem. instead, he just shovels the problem over to harry reid and said, fi
Dec 28, 2012 11:00pm EST
, billington is up for a library of congress. another guy out there, real wizard. the staff wanted that guy. i'm sitting next to ronald reagan. i said to mark bond, really love that guy. i'm in his diary lot. all tell you. i think you want to think of this guy. yak? yes. why would that be? he hates commies. and i said, not only that, he knows russian fluently. he can tell just exactly when those sounds by saying. really? three days later. the library of congress. cray story line. he and nine, i know. i can't stop. we used to meet on conference committees. he'd say, look the more we're going to get this done. before the ten days is over. he named a guy. what you do something with the staff of that committee. i can't. they're tougher than i am. we get together and beat them to bits. we were on the study group. it is important. the word compromise means your web. that is madness. the executive director of the commission cochaired. from idaho. i'm not going to go any further. a c1 of my students at harvard. and has cleared her throat three times. and none of you have heard it. i have heard it. i j
Dec 29, 2012 6:30pm EST
's not passed, the price of milk, which is now $3.54 a gallon, could double. another bill languishing in congress is the emergency funding for states ravaged by superstorm sandy. the senate passed 60.4 billion in aid yesterday, but the house has yet to act. nine weeks after sandy hit, the need for help is immense. >> this is my house, this was my dream, you know, this was the american dream. >> reporter: when hurricanes or floods threaten pedro's house in the past, somehow it always survived. but as sandy belted sta ten island two months ago, correa knew right away this storm was different. >> i looked out the window and seen my car, it was moving. i said wow the win must be really ripping, and i looked closer and it was floating. >> reporter: he had already vaked his wife and two children. he and his brother were trying to save the house. sandy gave them no chance. >> out of the corner of my eye i see my neighbor's house floating, and it crashed into mine and knocked it off the foundation. >> reporter: they turned the dining room table into a raft to escape the house. when it broke t
Dec 28, 2012 7:30pm PST
that they need. republicans in congress are saying they're not getting another dime. to me, the most important thing that happened on high-speed rail this year was not the legislature approving the first slug of money this summer, but it was the realization that the billions of dollars that are going to be generated by california's global warming auctions under the ab-32 plant, that money can be spent on high-speed rail because there is a nexus between reducing greenhouse gas emissions and the train. and so, that is the backstop, that's the insurance policy that they have, and it could be tens of billions of dollars that are going to go from ab-32 to fund that when they're not getting any more money from washington or the public sector. >> what's missing in terms of the public awareness that, you know, that emissions are problematic and that maybe something like high-speed rail is an investment? >> a couple of years ago, 50% of the public believed in global warming. it's now 70%. >> well, we have just a couple minutes left and i wanted to leave some time for predictions. you were like noter da
Dec 28, 2012 8:00pm EST
is in the seekers. i prefer the seekers. anyway, ellington is up for library of congress. there's another guy affair, a real wizard. and reagan's staff wanted that guy. so i'm sitting next to ronald reagan. by really about the guy. i'm in his diary a lot of tell you. i said i think you want to think of this guy, billington. he said why would that be? i said he hates commies. [laughter] and i said not only that, he knows russian fluently. he can tell just exactly what they're saying. he said really? three days later -- [laughter] [applause] great story. and a john dingell, where's that rascal? pni -- i know, but i can't stop. [laughter] but dingell and i used them in a conference committee said he would say, look, we are going to get this done and i said who are you going to before the 10 days is over? he named a guy. he said what i should do something with the staff of the committee in the senate? is that i can't come if they are tougher than i am. but then we got together and beat them two days. chuck robb and i were on the iraq study group. both have been? the word compromise now means you are a w
Dec 29, 2012 10:00am PST
dysfunction in washington, particular dysfunction in the republican house congress at the moment. but that's another issue we'll discuss. let me bring annie lowry into this discussion. senior economic policy reporter at "the new york times." the debt ceiling, the fiscal cliff. we keep trying to solve storms of our own making. nothing being discussed this weekend as steven just made clear. any closer to solving our long-term issues? what we are in at the moment, the reason you are on tv with me right now is this is crisis management that washington is in right now. it doesn't make any sense. >> yeah. it doesn't. and i think that if you look even a month or two ago, folks were talking about starting a tax reform, clean up the code, freeing up money to invest in things like education. nobody's talking about that anymore. you know, right now they're really struggling to figure out what to do with the tax cuts. and, you know, they're not even talking about the sequester very much anymore, which would -- you know, the tax cuts, they would hurt immediately. and everybody's taxes are going up next
FOX Business
Dec 29, 2012 12:00am EST
have 920 billion to cut in spending. we face this fight with a new congress, right? >> yeah. this would be another can-kicking exercise. it would also likely or possibly include any type of spending reform or tax reform to be continued through next year. adam: there's the president. rich, thank you. >> for the past couple of months i've been working with leaders of both parties to try and forge an agreement that would grow our economy and shrink the deficit. a balanced plan that would cut spending in a responsible way but also ask the wealthiest americans to pay a little more. and above all, protect our middle class and everybody who is striving to get into the middle class. i still want to get this done. it is the right thing to do for our families, four or businesses and for our entire economy but the hour for immediate action is here. it is now. we're now at the point where in just four days every american's tax rates are scheduled to go up by law. every american's paycheck will get consider bring smaller. and that would be the wrong thing to do for our economy. it would be bad for m
FOX News
Dec 29, 2012 8:30am PST
. >> our american family is about to go over the dairy cliff . congress must have a farm bill by the end of the year. an old law would kick in to force the government to buy milk at another price. how painful will it get for us in the grocery store? >> it tells us how insane. the sound of the cows tell you what will happen. this is based on marketing act. it is a consequence . we have a bureaucracy that is based on this . the federal government an act in 1942. the supreme court in which a guy growing grain on his own farm can feed himself and his own cattle was told by the supreme court he could not do this because it is it in violation . act it is it about milk and 1949 and the federal government is going to go and make a mark and make a fair market of this . we'll buy it at eight dollars a gallon. >> and it is johnathon. that milk your drinking is about to do you believedouble in price. >> forget the cookies. >> that's the problem and the farm bill is the problem. government should center zero role in milk agriculture production. it is it so long last that intervention is the problem a
Dec 29, 2012 6:00pm EST
to courages, thanks to a 1950s law for the cost of milk. the cost could double if congress doesn't -- doesn't come up with a deal by january 1st. >> reporter: cows on the cliff or at least the milk. what all eyes are on the fiscal cliff, another deadline is approaching, the milk cliff. it's part of a farm bill with as much as $35 billion in cuts. if the bill doesn't make it through congress before the end of the year, the government will be forced to find vast qualities of milk under the trueman era law and that could send consumer milk prices as high as $6 to $8 a gallon because the government would be obligated to pay twice the wholesale rate under the 1949 rule. the farmers would sell their milk to the government first and prompting a shortage in commercial supplies spiking the price consumers pay. >> the farm bill is like the low-hanging ornament on the congressional christmas tree that if they just embrace it, they can automatically come up with tips of billions of dollars in budget savings. >> reporter: the problem is the bill's stuck in the house and there appears to be no political
Dec 29, 2012 12:00pm PST
, a lot of the damage gets spread out and congress does have the power to go back and fix things. >> is it more important that the payroll tax holiday will go away and that is another thing that will end up happening. >> the payroll tax holiday will be a temporary sting, and it was crafted in 2010 and that is right in the waning days of the 111th congress when they still held in control the house of representatives and all of the counter proposals and counter proposals, and house speaker john boehner and the offers we have on the table don't deal with the payroll tax holiday and they go up to people on the amount of money they put in the social security trust fund and that is your payroll tax and those will go up and pretty much regardless if we get a deal or we don't. >> mark murray from d.c., breaking it down for us and the senior editor, thank you, sir. >> as lawmakers in d.c. struggle to reach a deal to avert the fiscal cliff, for a larger deal along the lines laid out by the simpson bowls commission is a part of the past that is a disappointment, the key architect of the fix
Dec 29, 2012 5:00am PST
, because january 1st being a federal holiday, markets closed. buying them another day. january 2nd, markets reopen, but this congress can keep working until actually the 3rd, alison, because that's when the new congress takes its seat, noon on january 3rd. if this congress wants the deal done, they have until then. even after that, of course, the new congress could take up the remnants of a new deal. unfortunately, we've got deadline after deadline, i know these eck tos would like to get it done in the next week, though. >> we shall see. thank you very much. >>> known at the wilmington ten. 's in 1972 convicted of fire bombing a grocery store in wilmington, north carolina during riots, spaed by the shooting of a black teenager by police. the group want tos fully pardoned by the north carolina governor. the convictions were thrown out because of perjury and prosecutorial misconduct but the records never cleared. purdue said she'll make a decision next week. >>> in new york city, police are asking for your help finding this woman. take a look at your screen here. she was seen running from a s
Dec 29, 2012 9:00am EST
. >> well-known former members of congress and politicians, government officials have written some books this past year including colin powell's it worked for me in life and leadership, madeleine albright, another book, prague winter, personal story of remembrance in war, the late senator arlen specter has a book, life among the cannibals and finally former government -- governor arnold schwarzenegger, total recall. how did total recall do? >> as far as i know it did not live up to expectations. a very interesting answer to this, i understand there's a quite interesting profile piece by the former governor. >> i got to interview the governor, for those who have forgotten, after he left the governorship, governor schwarzenegger had an affair with his housekeeper who fathered his son and that lead to his wife, maria shriver, the kennedys are involved in everything, filing for divorce. comes out with 600 pages or so, everything all schwarzenegger has ever done from growing up in austria, body building, pages and pages about bodybuilding. is an incredible and in some ways incredible american
Dec 28, 2012 9:00pm PST
the goodies he has in his own pockets and does a little snooping into another feller's. could be some of that going on. - whatever it is, i cannot come before the congress and plead for statehood until it's cleared up. tell that to the ranger. - yep, i'll tell him. - i must be able to show the congress a territory at peace with itself, ready to join the union. this territory isn't ready now. - governor, you're as right as rain. well, adios-y. [horse neighs] - looks like a fine horse. - very fine. - i'd like to buy him. - him belong to friend. - i'd pay a good price. - my friend not sell him. - money has been known to change a man's mind. - ah, him not like other horses. one time him fight buffalo. kill buffalo. but him hurt bad, maybe die. kemo sabay find him, not let him die. long time now them be friends. - "kemo sabay"? - oh, that's my friend. indian word mean "trusty scout." him name silver. - silver? the lone ranger's horse. - how are you, governor? [trumpet music] - well, sir, i'm glad to see you. i've been telling my troubles to that somewhat quaint friend of yours in there. -
Dec 28, 2012 7:00pm EST
? because the house leadership is ng back. the house of representatives is coming back and congress will suppose lead work all weekend to come up with something to vote sunday night or maybe on monday. >>> another leadership crisis involving the failing relations with russia. the adoption ban with the u.s. now in place. will the white house respond? will the president cancel his planned trip to moscow? we'll have more on that next. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it.
Dec 28, 2012 4:00pm PST
to another situation we're about to go off a cliff would produce any different result from a new congress? >> i'm not sure it will. john, what we're talking about here is very deep ideological divisions in terms of what causes economic growth, what causes prosperity for the country. you can see it in the two of us arguing. raising tax rates is a disaster for the economy, i think it will be very harmful, a lot of lib rats believe it doesn't do too much harm at all. we have philosophical differences here. >> not only are we embarrassing ourselves in front of people from around the world and making it seem a lot riskier to invest in this country, we're manufacturing this crisis which is going to mean government loses the trust of voters and that's going to make it much harder to collect taxes in the future and spend in the future and do anything. >> i agree, get this done, extend the tax cuts, go into 2013 without going over the cliff, deal with some of these issues. you're right, it will be an embarrassment at a time american economy if we go over this cliff, it would be very problematic fo
Dec 29, 2012 4:20pm EST
and also expect the library of congress quarterly. i think given some of the numbers, this is probably quite a bargain. another common and then restored and will come back a little bit later on. the part of it, but i'm told they cannot be pulled out and extracted. .. adhered >> further down on this view, we are actually seeing some degradation of the grain. i am not sure if it is clear for you or not. due to the indicated, which is a couple containers that they had mentioned before, we really want to know what causes degradation and how can we start to make this more available? so it shows this and it seems to be present in a copper containing pigment. looking at the financial analysis of the committee can see here that this area that we see, this will eventually, it is a material that was quite often used in paper making for the paper. we also see the brushstroke that is showing us ultraviolet. we are now working with conservation people to see how you can remove this to prevent any further damage and restore it to be back to good condition. part of what we need to do, is we need to u
Dec 28, 2012 5:00pm PST
, kick the can down the road bill that creates another fiscal cliff to deal with with fiscal cliff. >> reporter: lawmakers are talking about how to retroactively avoid going off the fiscal cliff on a new congress. >>> the fiscal cliff debate is impacting people here in the bay area who's lives could dramatically change as soon as tomorrow. tom vacar is live at a highway work site in oakland and has the story of one woman and her looming fear. tom-- >> reporter: the people who work here are well paid and they're onvacaon. but for other people, the fiscal cliff might as well be a financial guillotine. though ilea thomas searches, she's been out of work for two years picking up any odd jobs as much as she can. >> it's been discouraging. i come in here three times a week and maybe i'll go to a friend's house and use their internet to look for work. >> reporter: long term unemployment benefits have been a life send. >> i can breathe a little while i'm looking for work. even though it's not the same amount that i was getting when i was working. >> but thomas is one of 400, 400,000 califo
Dec 29, 2012 9:00am PST
it comes to matters of congress. but do they want to have enough time? this is another question entirely. mitch mcconnell and harry reid have a pretty good personal relationship. they each will privately tell you that they're friends, they actually like each other, and they're both here in washington having some pretty serious discussions about what they can have that passes the senate. can that actually pass the house in time for the deadline is another question. you're going to have lawmakers coming back late sunday night. they have a lot of other things they actually have to tend to. so what ends up happening? is it very possible right now it seems the calculus for a lot of these members is to let the tax cuts expire and then come back and do some sort of patch. >> you think that's our best case scenario? do you agree with that, david, the scenario? we go off the cliff. someone suggested this morning we go off the cliff just a little bit. we don't bungy jump off the cliff. we fall a few feet. then they fix it after a few days and say we have put in tax cuts. is that the most likely sc
FOX News
Dec 29, 2012 3:00pm PST
serious tax hikes and spending cuts that would potentially send the u.s. into another recession. we don't want to see that a. right now senate leaders are trying to assemble a last minute tax deal that they hope can pass both chambers of congress. and make it to the president's desk before monday's midnight deadline. chief congressional correspondent mike emmanuel has more on this. what are the latest on these talks to avoid a fiscal catastrophe? >> the key negotiators have been tight lipped, which may be a good sign talking to one another and not to reporters. senate majority leader harry reid and mitch mcconnell asked president obama and other congressional leaders to give them time to work on a compromise deal, recognizing time is running out. again today, the president emphasized the need for action. >> and congress can prehave not it from happening if they act now. leaders in congress are working on a way to prevent this tax hike on the middle class and i believe we may be able to reach an agreement that can pass both houses in time. >> we are told conversations are taking place. m
Dec 29, 2012 10:00am EST
to this committee. we have heard raised in one form or another. -- them raised in one form or another. we hope the findings of the n.r.c. will encourage the congress and administration to put nassau on a firmer footing and recognized nasa for the national asset that is. while not suppose the programs are funded as part of the discretionary budget, we should forget -- not for the those programs are long-term undertakings. -- recognize that those programs are long-term under takings. that is a challenge. we will face it in the coming months and years as we work to put the nation's postal financial house in order. house in's financial order. investments such as in nassau are just that, investments. -- nasa are just that, investments. it will only be in retrospect that we learn the true cost of walking away from investments such as nasa. i firmly believe that those costs will be high and long lasting effect go down such a destructive path. i hope we do not do so, because other nations increasingly recognize the benefit a strong and active space program can deliver. as a result, we see them being w
Dec 29, 2012 7:00am PST
in congress two years ago only to be swept out in november has already lost its office which is being prepped by painters for its new occupant. >> they say he's an outsider, a reformer. >> reporter: another tea partier, kansas congressman tim huleskamp, was booted from his seat on the budget committee he believes to john boehner wanted to send a message, to get in line for a deal on the fiscal cliff. >> we have determine thursday is some secret scorecard. a scorecard which based on testimony votes -- >> reporter: i think there's house -- >> i think there's potentially i hope not to push a tax increase through the house, and we will see what happens. >> reporter: while the speaker denied he's bringing down the hammer, stating in a letter that "there is no scorecard," -- >> stop spending now! stop spending now! >> reporter: it's clear, tea partiers are not rallying to shut down the government anymore. some are even leaving room for compromise on raising taxes on wealthier americans. >> are all of you saying that you would not vote to raise income tax rates on the top 2%? are you all basically s
Dec 29, 2012 11:00am PST
is stumble forward for a couple more months until we hit the debt ceiling and then face another crisis which is really a crisis of confidence in the government. i just can't imagine that the american people can tolerate this much longer, but they're stuck with this congress for the next two years. i mean, i have a lot of thoughts on this fiscal cliff but you wanted to talk about the gun measure, and -- >> i do indeed. >> life has to go on. >> we had that provocative phrasing that it appeared the nra may be out of step with its own membership. do you really believe that? >> yes, i do, martin. frank luntz, a republican pollster polled nra members and he found that there are at least five major provisions where at least two-thirds of the membership supports even though the leadership of the nra and, of course, the gun manufacturers who pay their salaries don't necessarily support. but the -- they oppose them. one would be background checks on purchasers and gunshop employees. 40% of guns bought today don't require a background check because of the gun show loophole and gunshop employees don't r
Search Results 0 to 26 of about 27 (some duplicates have been removed)